Everything you need to know about Portsmouth

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Portsmouth spent money like drunken, er, sailors under Harry Redknapp, won the FA Cup and got into Europe — so why sell?

Alexandre Gaydamak, the owner, decided last year that he couldn’t afford to keep bankrolling the club. He put in his own money when he took over in 2006, but many big signings were funded with loans. There was talk about them being the first Premier League club to go into administration.

But surely a Premier League club is a licence to print money?

It’s true you can see £30 million a year from the TV deals, but Portsmouth